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U.S. markets news

Fed expected to push ahead with rate hike plan
WASHINGTON The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.
Dollar Bulls Chasing Data Trail Expect Yellen to Stick to Script  Bloomberg
US Fed expected to push ahead with rate hike plan
Winona Daily News  
Do Nikkei and the FT really share the same journalistic values?
A man reads Japan's business daily newspaper, the Nikkei. British publisher Pearson said it had agreed to sell its salmon-pink business newspaper the Financial Times to Japanese media group Nikkei for 160 billion yen (1.3 billion USD).
Somaliland:Newspaper ownership;political influence trumps the promise of profits  SomalilandPress
Twitter Revenue Up 61%, but User Growth Lags
SAN FRANCISCO - If you're like most people, you don't see the point of Twitter - and that's a big problem for the company.
Twitter revenue grows sharply, but user growth stays low  Irish Examiner
Twitter shares fall as growth of monthly users slows down  Hindustan Times
Wall St ends five-day losing streak
Wall Street has broken a five-day losing streak, helped by a round of better-than-expected profit results and easing fears about the volatile Chinese share market.
Morning MoneyBeat Asia: US Stocks Recoup Monday Losses, and Then Some  Wall Street Journal (blog)
Wall Street ends sharply higher as China jitters ebb  Reuters UK
Dollar eases vs yen ahead of Fed statement; kiwi edges up
TOKYO/SINGAPORE The dollar eased versus the yen on Wednesday but held above a recent two-week low as investors awaited hints from the U.S.
Europe Equity-Index Futures Rise With Asia Stocks; Copper Gains  Bloomberg
Asia stocks muted ahead of Fed, keep wary eye on China  New Zealand Herald
Amazon proposes drones-only airspace for delivery: Report
It is known to all that Amazon has had a keen interest in delivering packages via drones. Taking a step further, the company has unveiled a proposal to designate a portion of the airspace above suburbs and cities for drone delivery.
Amazon proposes drone superhighways  PCWorld
Amazon seeks drone 'skyway'  Independent Online
Solvay Agrees to Buy Composite Maker Cytec for $5.5 Billion
Solvay SA, the Belgian maker of chemicals and plastics, agreed to buy Cytec Industries Inc. for $5.5 billion to become the world's second-largest maker of aerospace composite materials.
Belgium's Solvay to buy US peer Cytec for US$5.5 billion  Channel News Asia
Yelp's 2Q results, outlook disappoint as stock plunges
Yelp is getting skewered by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in its digital advertising sales.
Yelp Posts Surprise Loss as Revenue Growth Slows  New York Times
Yelp's revenue jumps on higher advertising sales  Dispatch Times
FAA investigating Allegiant Air jet that nearly ran out of fuel
Federal officials are investigating why an Allegiant Air passenger jet nearly ran out of fuel before landing at an airport that was temporarily closed to most traffic.
FAA Investigating Airliner That Nearly Ran Out of Fuel  New York Times
HEAR IT: Allegiant Air pilot makes emergency landing  Dispatch Times
Dallas-area home prices grow at almost twice the national average
The Dallas area had one of the highest home price gains in the country in the latest nationwide comparison. Dallas home prices in May were up 8.4 percent from a year ago in the new Standard & Poor's/Case-Shiller Home Price Index.
United States home prices up in May  Huntington Herald Dispatch
Case-Shiller Indices Show Home Prices Clearly Outpace Inflation  Economic Populist